Fidelity’s Managed Giving Fund #2 Grantmaker: Who’d Have Thought?

The Nonprofit Quarterly online newsletter published an article recently on the Fidelity Charitable Gift Fund. The fund is managed by Fidelity Investments, a very large mutual fund organization in which you yourself may have a 401(K) or IRA.

Fidelity Charitable Gift Fund doesn’t decide who to send the money to but rather lets its investors tell the fund where and when to send cash. It also makes it easy to distribute money:  “Fidelity seems dedicated to a low barrier approach to its donor-advised funds, recently lowering the minimum level for a donor’s investment for setting up a fund down to $5,000,” says the article’s author, Rick Cohen. “It has, according to Libbey, also entirely eliminated any minimum level required for adding to a donor-advised fund and lowered the minimum size grant to $50.”

The fund distributed more than $1 billion last year. For more information, see Fidelity’s Charitable Gift Fund Shows Well in Recession.

Note: Vanguard and Schwab also offer managed gift funds. See Yes, you can start your own charitable gift foundation for more information.

Advertisements

Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: